Chile’s trade surplus widened to USD 904 million in August 2020 from USD 252 million in the corresponding month of the previous year. Imports slumped 22.4 percent over a year earlier to USD 4,517 million, due to lower purchases of consumption goods (-27.2 percent), namely durable (-30.5 percent) and semi-durable (-36.7 percent); capital goods (-9.9 percent); and intermediate (-24 percent). Exports fell at a softer 10.8 percent to USD 5,421 million, mainly due to lower sales of mining products (-9.4 percent), of which copper (-13.4 percent); manufactured (-13.1 percent) and agricultural, forestry & fishing goods (-8.5 percent).

Balance of Trade in Chile averaged 484.09 USD Million from 1991 until 2020, reaching an all time high of 2968.68 USD Million in April of 2007 and a record low of -1384.72 USD Million in October of 2008. This page provides the latest reported value for - Chile Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Chile Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Banco Central de Chile

Balance of Trade in Chile is expected to be 820.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Chile to stand at 600.00 in 12 months time. In the long-term, the Chile Balance of Trade is projected to trend around 500.00 USD Million in 2021, according to our econometric models.

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Chile Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
904.00 1173.00 2968.68 -1384.72 1991 - 2020 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-06-08 12:30 PM May $1400M $1220M $ 1600M
2020-07-07 12:30 PM Jun $1390M $1400M $1350M $ 1380M
2020-08-07 12:30 PM Jul $1170M $1390M $ 1400M
2020-09-07 11:30 AM Aug $904M $1173M $ 1100M
2020-10-07 11:30 AM Sep $904M $ 820M
2020-11-09 11:30 AM Oct
2020-12-07 11:30 AM Nov


News Stream
Chile Trade Surplus Widens in August
Chile’s trade surplus widened to USD 904 million in August 2020 from USD 252 million in the corresponding month of the previous year. Imports slumped 22.4 percent over a year earlier to USD 4,517 million, due to lower purchases of consumption goods (-27.2 percent), namely durable (-30.5 percent) and semi-durable (-36.7 percent); capital goods (-9.9 percent); and intermediate (-24 percent). Exports fell at a softer 10.8 percent to USD 5,421 million, mainly due to lower sales of mining products (-9.4 percent), of which copper (-13.4 percent); manufactured (-13.1 percent) and agricultural, forestry & fishing goods (-8.5 percent).
2020-09-07
Chile Trade Balance Swings to Surplus in July
Chile’s trade balance shifted to a USD 1,170 million surplus in July 2020 from USD 95 million in the same month of the previous year. Exports rose 2 percent over a year to USD 5,841 million, mainly driven by higher sales of mining products (19.5 percent). Meanwhile, exports fell for manufactured (-15.5 percent) and agricultural, forestry & fishing goods (-17.6 percent). Imports dropped 19.8 percent to USD 4,668 million, due to lower purchasers of consumption goods (-26.9 percent), in particular durable (-31.3 percent) and semi-durable (-37.6 percent); capital goods (-13.8 percent); and intermediate (-8.8 percent).
2020-08-07
Chile Trade Surplus Widens More than Expected in June
Chile's trade surplus widened sharply to USD 1,390 million in June 2020 from USD 359 million in the corresponding month of the previous year and compared with market expectations of a USD 1,350 million surplus. Imports declined 18.5 percent year-on-year to USD 4,023 million, mainly due to lower purchases of consumption goods (-34.3 percent), in particular durable (-43.2 percent) and semi-durable (-48.6 percent); capital goods (-62 percent); and intermediate (-11.2 percent). Exports rose 2.3 percent to USD 5,414 million, boosted by higher sales of mining products (5.9 percent), namely copper (0.6 percent). In contrast, exports dropped for manufactured (-0.4 percent); and agricultural, forestry & fishing goods (-9.9 percent). Considering the second quarter of 2020 as a whole, the country's trade surplus went up to USD 4,013 million from USD 881 million in the corresponding period of 2019.
2020-07-07
Chile Trade Surplus Widens Sharply in May
Chile's trade surplus widened to USD 1,403 million in May 2020 from USD 153 million in the same month of the previous year, amid the coronavirus pandemic. Imports slumped 36.4 percent over a year earlier to an over ten-year low of USD 3,828 million mainly due to lower purchases of consumption goods (-43.8 percent), of which durable (-51.2 percent) and semi-durable (-51.8 percent); capital goods (-22 percent); and intermediate (-35.2 percent). Exports dropped 15.2 percent to USD 5,230 million, mostly due to lower sales of mining products (-11 percent), in particular copper (-11.8 percent); manufactured (-17.2 percent); and agricultural, forestry & fishing goods (-29 percent).
2020-06-08

Chile Balance of Trade
Chile has been recording trade surpluses since 1999, mostly due to a rise in shipments of copper. The most important non mineral exports are processed food, namely salmon; fresh fruit; chemicals; cellulose & paper; forestry & wood products; metals, machinery & equipment; and wine. In 2019, the biggest trade surpluses were recorded with China and Japan while the largest trade deficits with the US, Argentina and Brazil.